The deal is low-risk for the Giants, who will pay the rest of Beason's $1 million salary, but no roster bonuses, NFL Media's Kimberly Jones reported.

Jay Glazer of Fox Sports initially reported the trade scenario.

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It makes sense that the two teams would connect on a trade, as Panthers general manager Dave Gettleman worked with Giants general manager Jerry Reese for years in the Big Apple.

After splitting time evenly with Chase Blackburn in the Panthers' first two games this season, Beason played just one snap in the third game. It's ironic that he's been replaced by a player the Giants allowed to walk in free agency.

Although Beason started all 64 games while earning three Pro Bowl selections from 2007 to 2010, he has played just seven games since tearing his Achilles tendon in the 2011 season opener.

Beason's primary problem is that he has been a liability in coverage while regaining confidence in a knee that was surgically repaired in 2012.

The Giants will gamble that he can return to form and provide an upgrade at one of the linebacker spots. Regardless, this isn't the kind of trade that will reverse the fortunes of an 0-4 team allowing the most points in the NFL at the quarter-season mark.